Diageo plc (NYSE:DEO) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its stake in Diageo plc (NYSE:DEOFree Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,273 shares of the company’s stock after selling 5,741 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Diageo were worth $11,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DEO. Pinnacle Holdings LLC acquired a new stake in shares of Diageo in the 1st quarter valued at $33,000. Compagnie Lombard Odier SCmA purchased a new stake in Diageo during the 3rd quarter worth about $27,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Diageo during the 2nd quarter worth about $31,000. MCF Advisors LLC purchased a new position in shares of Diageo in the 3rd quarter valued at about $30,000. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Diageo during the 3rd quarter worth about $49,000. 8.97% of the stock is currently owned by hedge funds and other institutional investors.

Diageo Stock Performance

DEO stock opened at $148.74 on Monday. The company has a fifty day moving average price of $147.60 and a 200 day moving average price of $147.68. The company has a current ratio of 1.58, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Diageo plc has a 12 month low of $135.63 and a 12 month high of $190.02.

Diageo Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 1st will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a dividend yield of 2.7%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DEO shares. Argus lowered shares of Diageo from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. UBS Group lowered shares of Diageo from a “neutral” rating to a “sell” rating in a research note on Tuesday, December 5th. Finally, BNP Paribas cut shares of Diageo from a “neutral” rating to an “underperform” rating in a research report on Friday, January 12th. Three analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3,778.00.

Read Our Latest Report on Diageo

Diageo Profile

(Free Report)

Diageo plc, together with its subsidiaries, engages in the production, marketing, and sale of alcoholic beverages. It offers scotch, gin, vodka, rum, raki, liqueur, wine, tequila, Chinese white spirits, cachaça, and brandy, as well as beer, including cider and flavoured malt beverages. The company also provides Canadian, Irish, American, and Indian-Made Foreign Liquor whiskies, as well as ready to drink and non-alcoholic products.

See Also

Institutional Ownership by Quarter for Diageo (NYSE:DEO)

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